Review

Going Too Far?

N.Y. Funds Pick Another Bone With Halliburton, Over Iran

IT ISN'T HARD to see why the New York City Police and Fire Department Pension Funds would have a heightened concern about putting their investment dollars to work in companies that have operations in states that the U.S. identifies as being sponsors of terrorism.

With that in mind, Bill Thompson, the city's comptroller and a trustee to the funds, has pressed Halliburton, in which the funds hold $31.4...